Silver Rates In India In Blockbuster Rally, Gold Rates In India At 6-Week Highs; Silver Prices In Major Cities

Silver rates in India continued outperforming gold rates on December 1st. Silver extended its rally with 1Kg price skyrocketing by Rs 25,000 in seven days. Meanwhile, MCX silver with February and March 2026 expiry has already touched new record highs. In November month, silver gained by nearly 22%, beating gold, which rose by a little over 5.5%. The upcoming policy decisions of RBI and US Federal Reserve will be key drivers in precious metals this week. Gold rates in India are also up on Monday.

Silver Rates In India:

1Kg silver price soared by Rs 3,000 to Rs 1,88,000, which is near its all-time high of Rs 1,90,000. Further, 100 grams and 10 grams silver prices on Monday soared by Rs 300 and Rs 30 to Rs 18,800 and Rs 1,880. The 8 grams silver is at Rs 1,504 on December 1st, up by Rs 24. While the cheapest silver is priced at Rs 188 per 1 gram.

Notably, silver prices have been rallying since November 25, with only subdued performance seen on Sunday. 1Kg silver was up by Rs 9,000 on November 29, up Rs 3,000 on November 28, higher by Rs 4,000 on November 27, by Rs 2,000 on November 26 and up by Rs 4,000 on November 25. The only time silver did not see any movement was on November 30, which was Sunday.

From November 25 to December 1st, silver price has skyrocketed by Rs 25,000 per 1KG.

In full November month, silver rate jumped nearly 22%. The year 2025 has so far seen more buying trend in silver than compared to gold.

MCX Silver Price

The MCX Silver price with February 2026 expiry, touched a new all-time high of Rs 1,79,420 per 1Kg, while silver with March 2026 expiry hit new record of Rs 1,78,649 per 1KG. The prices are up by 1.5% to 2%.MCX Silver Price

Gold Rates In India:

10 grams gold prices climbed by Rs 660 to Rs 1,30,480 in 24 carat, and was up by Rs 600 to Rs 1,19,600 in 22 carat. The price surged by Rs 490 to Rs 97,860 in 18 carat.

Meanwhile, 100 grams gold rates zoomed by Rs 6,600 to Rs 13,04,800 in 24 carat, and advanced by Rs 6,000 to Rs 11,96,000 in 22 carat. Additionally, 18 carat gold price soared by Rs 4,900 to Rs 9,78,600 per 100 grams.

Gold rates are also nearing their record highs.

What Is Impacting Precious Metals On December 1st?

As per Rahul Kalantri, VP Commodities, Mehta Equities, gold heads for fitth straight monthly gain; silver hits fresh record high amid Fed rate cut expectations and profit taking in the dollar index. Meanwhile, "the technical charts for silver have turned more bullish in the past week or so, and that's inviting the chart-based speculators to the long side of the silver market.

"Safe-haven buying was also emerged for precious metals after trading was halted in the CME due to overheat in its data center. Rupee slipped to record low against the U.S. dollar and also supported gold and silver prices in the domestic markets," Kalantri added.

However, the expert also believes that the Russia- Ukraine peace deal optimism limit gains of precious metals.

Gold & Silver Prices Outlook:

Looking ahead, Kalantri said, gold has support at $4165-4135 while resistance at $4245-4265. Silver has support at $55.80-55.25 while resistance is at $56.95-57.40. In INR gold has support at Rs1,26,350-1,25,550 while resistance at Rs1,27,650-1,28100. Silver has support at Rs1,70,250-1,69,200 while resistance at Rs1,73,110, 1,74,300.

Silver Rates In Major Cities:

Gold Rates In Major Cities:

Gold Rates In Chennai:

10 grams gold rate crossed Rs 1,00,000 mark in 18 carat in Chennai compared to other cities. 10 grams gold price is at Rs 1,31,670 in 24 carat, at Rs 1,20,700 in 22 carat and at Rs 1,00,650 in 18 carat.

Gold Rates In Delhi:

However, in Delhi, 10 grams gold price stood at Rs 1,30,630 in 24 carat, at Rs 1,19,750 in 22 carat and at Rs 98,010 in 18 carat.

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